Spain's jobless rate rose to 13.26 percent in the first quarter of 2023 from 12.87 percent in the previous three-month period and above market expectations of 12.9 percent. The rate was 13.65 percent in the first quarter of 2022. The number of unemployed people increased by 103.8 thousand to 3.128 million, while the number of employed declined by 11.1 thousand to 20.453 million. The labor force participation rate stood at 58.55 percent in the third quarter, little-changed from 58.52 in the previous period. source: National Statistics Institute (INE)

Unemployment Rate in Spain averaged 16.32 percent from 1976 until 2023, reaching an all time high of 26.94 percent in the first quarter of 2013 and a record low of 4.41 percent in the third quarter of 1976. This page provides the latest reported value for - Spain Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Unemployment Rate in Spain is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Rate is projected to trend around 14.50 percent in 2024 and 15.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Spain Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-26 08:00 AM Q4 12.87% 12.67% 12.5% 12.40%
2023-04-27 07:00 AM Q1 13.26% 12.87% 12.9% 12.00%
2023-07-27 07:00 AM Q2 13.26% 13.00%


Related Last Previous Unit Reference
Unemployment Rate 13.26 12.87 percent Mar 2023
Employed Persons 20452.80 20463.90 Thousand Mar 2023
Part Time Employment 2805.30 2781.70 Thousand Mar 2023
Full Time Employment 17647.40 17682.20 Thousand Mar 2023
Labour Costs 117.90 108.40 points Dec 2022
Wages 2268.00 2032.05 EUR/Month Dec 2022
Employment Rate 50.78 50.99 percent Mar 2023
Labor Force Participation Rate 58.55 58.52 percent Mar 2023
Wages in Manufacturing 2586.64 2325.80 EUR/Month Dec 2022

Spain Unemployment Rate
In Spain, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
13.26 12.87 26.94 4.41 1976 - 2023 percent Quarterly

News Stream
Spain Jobless Rate Rises More than Expected in Q1
Spain's jobless rate rose to 13.26 percent in the first quarter of 2023 from 12.87 percent in the previous three-month period and above market expectations of 12.9 percent. The rate was 13.65 percent in the first quarter of 2022. The number of unemployed people increased by 103.8 thousand to 3.128 million, while the number of employed declined by 11.1 thousand to 20.453 million. The labor force participation rate stood at 58.55 percent in the third quarter, little-changed from 58.52 in the previous period.
2023-04-27
Spain Jobless Rate Unexpectedly Rises
Spain's unemployment rate rose to 12.87 percent in the fourth quarter of 2022 from 12.67 percent in the previous period, above market expectations of 12.5 percent. The number of unemployed people increased by 2.98 million to 3.02 million and employment unexpectedly fell by 82 thousand to 20.46 million when typically companies in the tourism and retail industries hire more people. In Q4 2021, the jobless rate was higher at 13.33 percent.
2023-01-26
Spain Jobless Rate Edges Up in Q3
Spain's unemployment rate rose to 12.67 percent in the third quarter of 2022 from 12.48 percent in the previous three-month period, which was the lowest since 2008, as the number of people looking for work increased. The number of unemployed people increased by 60.8 thousand from the prior period to 2.980 million and employment rose by 77.7 thousand to 20.546 million. The service sector saw the biggest growth in employment due to the high summer season, with employment rising strongly in the Balearic Islands and Catalonia. The labor force participation rate inched up to 58.86 percent from 58.71 percent in the previous period.
2022-10-27